It is good to see that the tech
giant is approaching the cryptocurrency market with an open mind. Bailey stated, “Interesting long-term potential,” thus leaving the doors
open for Apple to dabble in crypto itself or they might choose to slam shut in
the future.

The price of the Bitcoin and cryptocurrencies are related to the public interest and the media outlook, and this might be changing in the future.

The price of the Bitcoin has been
increasing by more than 200%, and the price recently plateaued near $10,000
after achieving $12,000.

To move the price of the Bitcoin,
Google searches could probably be manipulated.
There has been a massive increase in Google searches for Bitcoin this
week.

Kryptografen’s Bendik Norheim
Schei stated, “It is reasonable to assume that someone is behind these
radical changes.” He further opined that “similar pattern would be
seen across the world indicating VPN services have been used to distribute
searches across the world, therefore, achieving a global trend. Google Trends
points out that changes have been relatively greater in Romania. Whether this is
the source or is because there have been fewer searches for BTC previously?
Whatever the answer is–something strange has happened to the interest in the
keyword ‘BTC’ over the past week.”

Several
programs are written to code algorithms to look into Google trends and to
identify the correlation between the several keywords for “BTC” and
as well for the price of the Bitcoin.

The Bitcoin
price action has been working sideways and the growth stalled at the critical
support level near $10,500. With Asian
traders coming to the market, the price started to move higher.

“The
bottom line is there is a whole generation of people who have faith in the
internet; they have faith in these cryptocurrencies…the degree to which a
cryptocurrency can enable you to buy something, and you believe that to be the
case, then that’s fine.”

There are still many investors who are sceptical about cryptocurrency; however, the trend is expected to change.